The stock of Nike, Inc (NKE) has seen a 0.14% increase in the past week, with a -2.88% drop in the past month, and a -8.92% decrease in the past quarter. The volatility ratio for the week is 2.33%, and the volatility levels for the past 30 days are at 1.88% for NKE. The simple moving average for the last 20 days is 0.52% for NKE stock, with a simple moving average of -11.75% for the last 200 days.
Is It Worth Investing in Nike, Inc (NYSE: NKE) Right Now?
Nike, Inc (NYSE: NKE) has a price-to-earnings ratio of 22.02x that is above its average ratio. Additionally, the 36-month beta value for NKE is 1.02. There are mixed opinions on the stock, with 15 analysts rating it as a “buy,” 7 rating it as “overweight,” 17 rating it as “hold,” and 1 rating it as “sell.”
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The public float for NKE is 1.17B and currently, short sellers hold a 1.98% ratio of that float. The average trading volume of NKE on November 22, 2024 was 11.52M shares.
NKE) stock’s latest price update
The stock price of Nike, Inc (NYSE: NKE) has surged by 2.22 when compared to previous closing price of 75.10, but the company has seen a 0.14% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-22 that The performance of a few stocks over the last few months has left a sour taste in investors’ mouths, with popular stocks such as NIKE NKE and Super Micro Computer SMCI unable to gain any meaningful traction.
Analysts’ Opinion of NKE
Truist, on the other hand, stated in their research note that they expect to see NKE reach a price target of $97, previously predicting the price at $83. The rating they have provided for NKE stocks is “Buy” according to the report published on October 10th, 2024.
Telsey Advisory Group gave a rating of “Outperform” to NKE, setting the target price at $96 in the report published on October 02nd of the current year.
NKE Trading at -4.64% from the 50-Day Moving Average
After a stumble in the market that brought NKE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.79% of loss for the given period.
Volatility was left at 1.88%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares sank -2.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.01% lower at present.
During the last 5 trading sessions, NKE fell by -0.03%, which changed the moving average for the period of 200-days by -26.15% in comparison to the 20-day moving average, which settled at $76.36. In addition, Nike, Inc saw -29.29% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NKE starting from PARKER MARK G, who sale 45,190 shares at the price of $76.64 back on Nov 14 ’24. After this action, PARKER MARK G now owns 967,659 shares of Nike, Inc, valued at $3,463,362 using the latest closing price.
PARKER MARK G, the Officer of Nike, Inc, proposed sale 45,190 shares at $76.64 during a trade that took place back on Nov 14 ’24, which means that PARKER MARK G is holding shares at $3,463,362 based on the most recent closing price.
Stock Fundamentals for NKE
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.45 for the gross margin
The net margin for Nike, Inc stands at 0.11. The total capital return value is set at 0.22. Equity return is now at value 37.98, with 14.20 for asset returns.
Based on Nike, Inc (NKE), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.88.
Currently, EBITDA for the company is 6.31 billion with net debt to EBITDA at 0.55. When we switch over and look at the enterprise to sales, we see a ratio of 2.36. The receivables turnover for the company is 10.5for trailing twelve months and the total asset turnover is 1.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.36.
Conclusion
In conclusion, Nike, Inc (NKE) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
